| 1. Round | 17/09/1985 | Crvena Zvezda | - | FC Aarau | 2:0 | ||||
| 1. Round | 02/10/1985 | FC Aarau | - | Crvena Zvezda | 2:2 | ||||
| 2. Round | 23/10/1985 | Lyngby BK | - | Crvena Zvezda | 2:2 | ||||
| 2. Round | 21/11/1985 | Crvena Zvezda | - | Lyngby BK | 3:1 | ||||
| Quarter-finals | 04/03/1986 | Crvena Zvezda | - | Atlético Madrid | 0:2 | ||||
| Quarter-finals | 18/03/1986 | Atlético Madrid | - | Crvena Zvezda | 1:1 |
Kosovo
Serbia